Report Update Jan 1, 2025

Venezuela - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in Venezuela

After eight years of decline, the Venezuelan motor vehicle engine market increased by 35% to $X in 2021. In general, consumption, however, showed a precipitous slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Motor Vehicle Engine Exports

Exports from Venezuela

After two years of decline, shipments abroad of motor vehicle engines (spark-ignition) increased by 165% to X kg in 2018. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 427%. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

In value terms, motor vehicle engine exports soared to $X in 2018. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 1,680% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2018, the exports remained at a lower figure.

Exports by Country

Denmark (X kg) was the main destination for motor vehicle engine exports from Venezuela, with a 98% share of total exports. It was followed by the Dominican Republic (X kg), with a 1.6% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Denmark was relatively modest.

In value terms, the Dominican Republic ($X) remains the key foreign market for motor vehicle engines (spark-ignition) exports from Venezuela, comprising 82% of total exports. The second position in the ranking was held by Denmark ($X), with an 18% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of value to the Dominican Republic totaled +11.4%.

Export Prices by Country

In 2018, the average motor vehicle engine export price amounted to $X per ton, declining by -49% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 238% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2018, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2018, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Denmark stood at $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+2,462.3%).

Motor Vehicle Engine Imports

Imports into Venezuela

In 2021, purchases abroad of motor vehicle engines (spark-ignition) was finally on the rise to reach X tons after eight years of decline. In general, imports, however, recorded a sharp slump. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, motor vehicle engine imports reached $X in 2021. Overall, imports, however, showed a dramatic contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Canada (X tons), Mexico (X tons) and Japan (X tons) were the main suppliers of motor vehicle engine imports to Venezuela, with a combined 36% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +14.0%), while imports for the other leaders experienced a decline.

In value terms, Mexico ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Venezuela, comprising 44% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-55.7% per year) and Japan (-37.9% per year).

Import Prices by Country

The average motor vehicle engine import price stood at $X per ton in 2021, reducing by -40.9% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of motor vehicle engine consumption in 2020 were China, Japan and the United States, with a combined 41% share of global consumption. These countries were followed by India, Mexico, Indonesia, Brazil, Russia, Italy, Turkey, Canada, South Korea and France, which together accounted for a further 34%.

What are the largest producers of motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of motor vehicle engine production in 2020 were China, Japan and the United States, together accounting for 42% of global production. India, Mexico, Indonesia, Brazil, France, South Korea, Poland, Italy, the UK and Hungary lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of motor vehicle engines (spark-ignition) to Venezuela?

In value terms, the United States, Mexico and South Korea appeared to be the largest motor vehicle engine suppliers to Venezuela, together comprising 79% of total imports.

What are the leading importers of motor vehicle engines (spark-ignition) from Venezuela?

In value terms, the Dominican Republic remains the key foreign market for motor vehicle engine exports from Venezuela, comprising 82% of total exports. The second position in the ranking was occupied by Denmark $576), with an 18% share of total exports.

What is the average export price for motor vehicle engines (spark-ignition) in Venezuela?

The average motor vehicle engine export price stood at $4,404 per ton in 2018, reducing by -56.3% against the previous year.

What is the average import price for motor vehicle engines (spark-ignition) in Venezuela?

The average motor vehicle engine import price stood at $10,136 per ton in 2020, falling by -2.1% against the previous year.

This report provides an in-depth analysis of the motor vehicle engine market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024